NAI BT Commercial this week announced the sale of two San Francisco Bay Area properties for an aggregate sales price of more than $18.9 million.

In the first deal, NAI brokered the off-market investment sale of a 55,000-square-foot, six-story office building located at 851 Burlway Road in Burlingame. Mehrdad Elie, a private investor, paid $13 million, or $236 per square foot, for the property, which was sold by Westate Ventures.

In the second transaction, NAI represented the seller in the sale of a mixed-use building that includes 35 apartment units, two retail units, and one office unit located at 2109 Shattuck Ave. in downtown Berkeley. The site sold for just over $5.9 million. The residential mix consists of four studio units, 24 one-bed/one-bath units, three one-plus-bed/one-bath units, and one two-bed/one-bath unit.

A majority of the units were recently remodeled, while the building has undergone several significant improvements. The property is located one block from the U.C. Berkeley campus.


***


What’s your opinion? Leave your comments below or send a
letter to the editor.


Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer, reward, repeat. Share a 90-day free trial and get $$$.Refer & Earn×